$100 million in senior secured financing from Brightwood Capital Advisors closed as Coastline Wealth completed 12 acquisitions, lifting assets under management and administration above $6 billion.
The New York-based Kestra affiliate said the credit facility will fund continued expansion, with CEO Garrett Taylor tying the milestone to advisor recruitment and more strategic deals.
Coastline, founded in 2012 with about $20 million in assets, has now completed more than 30 acquisitions and serves over 10,000 clients.
Brightwood said the backing comes as more financial advisors seek succession and platform solutions, underscoring consolidation pressures in wealth management.
How will Coastline Wealth Management maintain personalized client service after absorbing twelve new practices to reach six billion dollars in assets?
Why are private credit giants like Brightwood pouring millions into independent wealth platforms while traditional banks retreat from middle-market lending?
Could the rapid, debt-fueled consolidation of independent wealth advisors secretly threaten the highly personalized financial planning that clients expect?